KAABOO
KAABOO Texas Principals Sued by Dallas Millionaire at Center of Sexual Assault Scandal
KAABOO Texas is the third event in the KAABOO series — the original KAABOO was launched in 2015 in Del Mar, California, and an offshoot event was held on the Cayman Islands in February 2019. The Del Mar festival was sold at the end of 2019 to Virgin Produced and has been postponed the last two years due to COVID-19. While the future of the Cayman Islands event is unclear, KAABOO Texas’ losses make a return unlikely. “In addition to the negligible attendance, KAABOO Texas grossly underestimated its financial losses in its first and only year by $8 million, vastly eclipsing the original investment projections for the initial three-year period,” Stuhlman wrote. An investor update obtained last year by Billboard showed that the event lost a total of $19 million in its f...
Inside Track: Leadership Shakeup at UMG Latin; KAABOO’s Future Up In the Air
Universal Music Latino is home to major stars like J Balvin, Karol G and Sebastian Yatra, with Kaminsky, a seasoned and respected executive, having had a hand in the regional and international development of all of them. “I’m thrilled to be a part of this talented team and looking forward to working together with our amazing roster of artists through the next phase, making Universal Music Latino even more successful,” said Kaminsky. “I want to thank UMG for this exciting journey, and for this new opportunity to continue making history for Latin culture.” In addition, Salomón Palacios, who has been at Universal since 2013, most recently as director of live and artist services division GTS, has been appointed senior vp of marketing & artist strategy for Univ...
